10+ Best Instant Personal Online Loan App Using GCash emergency (2024)

What is an online loan app using GCash? GCash is the most commonly used e-wallet in the Philippine market, allowing borrowers to make online loan payments anytime, anywhere with simple and flexible operation.

Retailasiaonline.com have compiled information and suggested Top 10+ best online loan app with GCash. Let’s refer to it in the article below.

Summary of loan app using GCash

✅ 10 Best online loan App using Gcash	⭐1. Digido, 2. Pesoredee, 3. Finbro, 4. Unacash, 4. Cashalo
✅ Guide to	⭐ Apply for online loan using gcash
✅ Loan amount	⭐ 1000 PHP – 50,000 PHP
✅ Places in	⭐ Philippines
✅ Age	⭐ 18 – 65 years old
✅ Term	⭐ 1 – 12 month
✅ Requirement	⭐ National id
✅ Pros	⭐ Instant approval, easy and emergency loan
✅ Cons	⭐ Effects of credit background
✅ Evaluate the effectiveness	⭐ Good
✅ Bad dept	⭐ Allow

What is a loan app using GCash?

Loan app using GCash is an online cash loan application that allows loan payments via GCash – the most popular e-wallet in the Philippines. Borrowers only need to have an authentic ID, register information right on the application, support 24/7 anytime, anywhere and receive money quickly the same day.

Benefits of loan using GCash Philippines

Advantages of loan app Philippines using GCash:

• The loan app is licensed to operate legally, complying with the financial regulations of the State Bank of the Philippines.
• Available 24/7, financial support wherever you are, whenever you need it.
• The loan process is fast, the procedure is simple, there is no need for many complicated documents, just 1 genuine ID.
• No collateral, no proof of income, no guarantee.
• There are clear loan agreements, flexible terms, automatic approvals and fast disbursements.
• The application allows borrowers to track payment history, repayment terms, current balances ..
• Easily pay online loans via GCash e-wallet.
• Commitment to personal information security.

Cons of loan app that accepts GCash

Instant cash loan using GCash has disadvantages such as:

• Low limit, short term.
• High interest rates, with service fees.

How to choose loan app using GCash

To choose the most reputable and suitable loan app using GCash, borrowers need to pay attention to:

• Choose a loan application that has been legally licensed to operate.
• Thoroughly understand loan limits, terms, interest rates, service fees and conditions.
• Fast approval and disbursement, high approval rate.

Online loan app using GCash interest rate

Almost the majority of loan apps that accept GCash in the Philippines charge an average annual interest rate between 143% and 180% and have some additional service fees. The specific interest rate will be determined based on the loan limit and term, credit history, and financial ability of the borrower.

Example:

• Borrowers are approved to borrow 20,000 pesos for 5 months, with an interest rate of 15% per month.
• The principal amount to be contributed in 1 month is: 20.000 : 5 = 4.000 pesos.
• The amount of interest payable in 1 month is: 20,000 x 15% = 3,000 pesos.
• The total amount payable in 1 month is: 4,000 + 3,000 = 7,000 pesos.

Cash loan app using GCash requirements

To apply for a loan app using GCash, borrowers need to meet the basic conditions:

• Filipino citizens, living and working in Philippine territory.
• Be at least 18 years old.
• Have a minimum of 1 valid Government-issued ID.
• Have a bank account, have a phone number and email.

Credit line and term of loan app using GCash Philippines

The limits and maturities of cash loans using GCash are as follows:

Credit line

• Loan using GCash Philippines approves amounts ranging from 1,000 pesos to 25,000 pesos, up to a maximum of 50,000 pesos.
• The first loan is low-limit. If paid on time, the following loans will be raised to a higher limit.

Term

• The tenor of instant loan using GCash is short, ranging from only a few days to several months.
• If payment is due but not enough money, you can extend the payment period by paying the renewal fee.

Compare to loan using GCash online

Comparative criteria	Pesoredee App	Finbro PH	Unacash App
Limits	1000 – 30000 pesos	1000 – 50000 peso	1000 – 50000 pesos
Tenor	0,4%/day	0,5% – 1,25%/day	2 – 6 months
Interest	3 – 6 months	1 – 12 months	0% – 16%/months
Age	22 – 70 years old	20 – 65 years old	Over 18 years old
Browsing time	10 minutes	15 minutes	15 minutes

Instruction on how to apply for loan app using GCash

The basic process of registering a loan app using Gcash is:

Step #1: Choose a reputable loan partner

Search for information about lending partners online.

Compare and choose reputable and suitable partners for individual needs.

Step #2: Fill in the loan application information

Go to the lender’s homepage and apply for loan information through your phone number.

Step #3: Verify information

Loan partners will ask to fill in personal information such as full name, date of birth, ID, email, address, job, income, bank account number …

Step #4: Approval and Disbursement

Submitting a loan application, the system will process the information and approve it automatically.

Loan approval results will be notified on the application and via SMS.

Receive disbursements via bank transfer.

Step #5: Pay via GCash

Pay the loan online via GCash e-wallet. Note to pay the correct loan amount both principal and interest, on time to avoid being charged interest penalties.

Top 10 Best online loan app using GCash 2024

Borrowers can refer to the list of top 10 online loan app using GCash as follows:

#1. Digido – Loan app that accepts GCash

• Digido is a loan app that accepts GCash by Digido Finance Corp., legally operating with SEC registration No.CS202003056 Certificate of Authority No. 1272
• New customers 1,000 to 10,000 pesos, 7-day payment term and 0% interest.
• Returning customers, reputable payments will be supported with a maximum limit of 30,000 pesos for a period of 3 to 6 months,
• Average interest rate 11.9%/month (APR 143%/year)
• Loan conditions: Filipino nationality, 21 to 70 years old, government-issued ID.
• Address: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower1, 60 Gen. Aguinaldo Ave., Cubao, Quezon City, Philippines 1109.

Pros and cons of Digido

• Pros: Instant loan using GCash prestigious, legal, no hidden fees, operating 24/7, approval rate over 90%, diverse loan methods.
• Cons: High interest rates, short term.
• Overall score: 8/10

Guide to apply for loan using GCash Philippines in Digido:

2 Quick steps to register cash loan using GCash are as follows:

• Step 1: Download the Digido app at the link:

  Digido Website

• Step 2: Apply for a loan according to the following video:

#2. Pesoredee – Online loan app using GCash

• Pesoredee is an online loan app using GCash, the online financial product of Peso Redee Financing Inc., which has been licensed by the SEC with SEC registration No. CS201804564 Certificate of Authority No. 1165.
• New customers can borrow 1,000 to 7,000 pesos, interest-free if the full loan amount is settled on the first payment day.
• Old customers can borrow up to 30,000 pesos, term 3-6 months.
• Pesoredee APR 143%/year (about 11.9%/month)
• Loan conditions: Filipino citizens nationwide, between 22 and 70 years old, with an e-wallet or bank account.
• Address: Unit 204 Pacific Center Condominium, 33 San Miguel Ave, Brgy. San Antonio, Pasig, Philippines.

Pros and cons of Pesoredee

• Pros: Loan app using GCash Simple process, fast approval, instant disbursement, can extend payment period by 14 days.
• Cons: Short term, high interest rate.
• Overall score: 8/10

Guide to apply for loan using GCash Philippines in Pesoredee:

2 Quick steps to register cash loan using GCash are as follows:

• Step 1: Download the Pesoredee app at the link:

  Pesoredee Website

• Step 2: Apply for a loan according to the following video:

#3. Finbro – Cash loan app using GCash

• Finbro is a reputable cash loan app using GCash developed and operated by Sofi Lending Inc., which has been licensed by the SEC with SEC registration No.CS201908275 Certificate of Authority No. 2990.
• New customers can borrow from 1,000 pesos to 12,000 pesos, with 0% interest.
• Old, reputable customers will be able to borrow up to 50,000 pesos for a term of 1 to 12 months.
• Loan interest rate is only from 0.5% to 1.25%/day, service fee 9%,
• Loan conditions: Filipinos nationwide, between 20 and 70 years old, have stable careers.
• Address: Unit 1405 Philippine Stock Exchange Tektite San Antonio, Pasig, Philippines.

Pros and cons of  Finbro

• Pros: Instant loan using GCash simple procedures, fast approval and disbursement, 100% online registration, information security.
• Cons: High interest rates, additional application processing fees.
• Overall score: 9/10

Guide to apply for loan using GCash Philippines at Finbro:

2 Quick steps to register cash loan using GCash are as follows:

• Step 1: Download Finbro application at the link:

  Finbro Website

• Step 2: Apply for a loan according to the following video:

#4. Unacash- Best loan app using GCash

• Unacash is the best loan app using GCash developed by Digido Finance Corp., which is legally certified by the SEC, SEC Registration No. CS202003056 Certificate of Authority No. 1272.
• Loan amount from 1, 000 to a maximum of 50, 000 pesos, loan term 2 – 6 months.
• Maximum interest rate of 16%/month, the first loan is interest-free.
• Loan conditions: Filipino citizens, over 18 years old, with a valid email and mobile phone number.
• Address: Units P107003R, P107007R, P107008R, Level 7 Cyberpark Tower 1, 60 Gen. Aguinaldo Ave, Cubao, Quezon City, Philippines.

Pros and cons of Unacash

• Pros: High limit, fast loan anytime, anywhere, no need to meet face-to-face, quick disbursement on the same day.
• Cons: Cash loan using GCash short term, high interest rate.
• Overall score: 9/10

Guide to apply for loan using GCash Philippines at Unacash:

2 Quick steps to register cash loan using GCash are as follows:

• Step 1: Download the Unacash app at the link:

  Unacash Website

• Step 2: Apply for a loan according to the following video:

#5. Cashalo – Loan app using GCash Philippines

• Cashalo is a loan app using GCash Philippines by Paloo Financing Inc., which is duly certified, SEC Registration No. CSC201800209 Certificate of Authority No. 1162.
• Customers can borrow from 1,000 to 7,000 pesos, with a payment term of 15 to 45 days.
• Cashalo interest rates range from 3.95% to 25%/month.
• Loan conditions: Filipino citizens, over 21 years old, have stable jobs.
• Address: Office 608, 6F Cyber One Building, 11 Eastwood Avenue, Eastwood City Cyberpark, Bagumbayan, Quezon City, Philippines.

Pros and cons of Cashalo

• Pros: Loan using GCash Philippines legal, bad debt support, information security, automatic approval, disbursement in 10 minutes.
• Cons: Low limit, high interest rate, short term.
• Overall score: 7/10

Feedback about Cashalo

Cashalo is feedback from borrowers as Cash loan app using GCash high approval rate, fast disbursement and simple procedure.

What people said about instant loan using GCash

According to Kenneth Arrow , an American economist: “Loan using GCash Philippines is simple and fast. Users can complete the application and receive feedback on loan approval in minutes or hours, disbursement via bank transfer. ”

Israeli economist Yoram Barzel told that: “Users only need a smartphone and an internet connection to be able to submit online loan requests using GCash without having to go to a traditional bank. The approval system is automated and can support bad debtors as well.”

FAQs – Loan app using GCash

Here are the answers to questions about loan app using GCash:

What is the meaning of GCash?

GCash is the most popular e-wallet application on the market, launched in 2004, developed by Globe Telecom – a leading telecom service provider in the Philippines. GCash offers a variety of electronic payment services, loan payments, and other financial utilities through its mobile app.

How do I pay off a loan via GCash?

The steps to repay a loan through GCash are:

• Step 1: Access the GCash e-wallet app.
• Step 2: Log in to the borrower’s GCash account and proceed to deposit the account.
• Step 3: Go to the Pay Bills section, continue to select Loans.
• Step 4: Enter the amount, contract number, borrower phone number, email and complete the payment.

Does Tala accept GCash?

Yes. Borrowers can make loan payments using GCash Philippines Tala (partial or full payment) through reputable partners:

• Pay online via GCash, ShopPay, Coins.ph, Lazada, Maya.
• Pay cash at authorized payment centers such as ECpay, 7-11, Cebuana Lhuillier, M Lhuillier.
• Request to provide loan amount information, contract number, phone number, email of the borrower.

Is GCash valid for pag ibig loan?

Yes. Pag-IBIG loan is cash loan using GCash, which can be paid online via GCash wallet:

• Step 1: Access the GCash app.
• Step 2: Log in to the borrower’s GCash account.
• Step 3: Go to the Pay Bills section, select Government.
• Step 4: Find the Pag – IBIG loan, enter the amount, contract number to pay the loan.

Is there a fee to pay via GCash e-wallet?

Borrowers can make loan payments using GCash Philippines under 8,000 pesos, free of charge. For loans over 8,000 pesos, GCash will charge a service fee of 2% of the amount to be paid. The maximum limit that can be paid with verified accounts is 100,000 pesos/month.

Conclusion

Finbro and Unacash are the top loan apps using GCash reputable, legal, the highest limit on the market (maximum 50,000 pesos), simple procedures only need 1 genuine ID, automatic approval and instant disbursement via bank transfer.

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